EUR/USD
EUR/USD extends its gains for the second successive session, trading around 1.1720 during the Asian hours on Monday. The pair appreciates as the US Dollar weakens after the US August inflation report boosted the likelihood that the US Federal Reserve will likely deliver another interest rate cut in October.
GBP/USD
The GBP/USD pair edges higher to near 1.3415 during the early Asian session on Monday. The US Dollar weakens against the Pound Sterling as the US August inflation report reinforced market expectations that the US Federal Reserve will likely proceed with another interest rate cut in October.
USD/JPY
The USD/JPY pair loses ground to around 149.50 during the early Asian session on Monday. The US Dollar (USD) softens against the Japanese Yen (JPY) as the US Personal Consumption Expenditures (PCE) Price Index indicated the Federal Reserve (Fed) is keeping the central bank on pace for interest rate reductions ahead. Traders await the Fedspeak later on Monday for fresh impetus.
AUD/USD
The Australian Dollar (AUD) appreciates on Monday, with the AUD/USD pair extending its gains for the second consecutive session. The US Dollar (USD) weakens as traders brace for shutdown risks of the United States (US) government, beginning from October 1.
NZD/USD
The NZD/USD pair holds positive ground near 0.5770 during the early Asian trading hours on Monday. The US Dollar (USD) edges lower against the New Zealand Dollar (NZD) amid the growing risk of a US government shutdown. Traders brace for the Fedspeak later on Monday.
USD/CAD
USD/CAD halts its five-day winning streak, trading around 1.3920 during the Asian hours on Monday. The pair retreated after reaching a four-month high of 1.3958 on Friday as the US Dollar (USD) lost ground after the US August inflation report boosted the likelihood that the US Federal Reserve (Fed) will likely deliver another interest rate cut in October.
USD/CHF
USD/CHF extends its gains for the second successive session, trading around 0.7960 during the Asian hours on Monday. The pair depreciates as the US Dollar (USD) continues to lose ground amid market caution, driven by shutdown risks of the United States (US) government.
CRUDE OIL
Oil prices fell on Monday after Iraq’s Kurdistan region resumed crude oil exports via Turkey over the weekend and as OPEC+ plans another oil output hike in November, adding to global supplies.
Gold resumes its uptrend and refreshes record highs above $3,800 in early Europe on Monday. Concerns about a US government shutdown and market talks on fresh tariffs weigh on the US Dollar amid looming Fed rate cut bets, underpinning Gold. Fedspeak and US data remain in focus.
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